Why FTSEZ?
The South African Government seeks to transform the economy into a globally competitive industrial economy, built on the full potential of all citizens and regions. The National Development Programme (NDP) outlines a long-term development path towards prosperous and successful economy characterised by high levels of economic growth, employment generation and an equitable society. Both the New Growth Path (NGP) and the Industrial Policy Actional Plan (IPAP) outline Government;s industrial agenda, the critical jobs drivers, prioritised industrial sectors and a range of interventions required to accelerate economic growth, create jobs and fight poverty and under-development.
SEZs are being introduced as a tool to:
1. Promote industrial agglomeration;
2. Build the required industrial infrastructure;
3. Promote coordinated planning among key government agencies and the private sector and;
4. Use the zones to guide the deployment of other necessary development tools.
As industrial and economic development tools, SEZs only work over the log-term and are not suitable as short-term interventions.
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Why Businesses Locate in the FTSEZ
Enabling infrastructure and warehouses
Close proximity to mining operations
Carbon credits
Reduced carbon tax
Reliable and low-carbon green energy
Global leadership in production of chrome
Huge resources of platinum group metals